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Friday, January 29, 2010

Yet again the mortgage 'fraud', i sometimes feel that this term will never stop following me the whole life. As for today, i was reading a daily newspaper and where i have come across the incident mortgage fraud. It has become a daily news, everyday one way or the other incidents related to mortgage fraud takes place and do occur in the newspaper. However i think that we should be careful with this silly things happening all around us. And moreover we should never neglect it because prevention is much more healthy and wise than facing late problems and difficulties.

This morning after i gave the news which appeared on the newspaper to my wife, she got furious and worried, because we are in a process of buying a new house and has taken a help of an agent. She then asked me take all necessary steps in order to avoid fraud or landing to a prison. I just then made her belief that i will. So, i think we better understand the pros and cons of this kind of fraud.

Mortgage fraud can be of various types and very much appears into different forms. The some of the essential methods which i strongly belief and quite sure that will help to check or prevent mortgage fraud are the following:

1.) To understand and identify the main root cause of the problem and start making research into it. This idea will help you to understand the basic story of the drama and which way it is passing by.

2.) The Government should come forward with newer and better ideas in order to control mortgage fraud. Modern technology system should be assisted in checking the fraud.

3.) A proper training should be implemented by the government, because with the help of training related to case studies of fraud we will be able to control mortgage fraud.

4.) Industry and government should assess adequacy of resources to address the problem both in terms of numbers and experience or competence.

5.) One of the most essential tool in order to prevent mortgage fraud is suspicious activity reporting. It is our own responsibility.

Mortgage fraud has reached to an undesirable heights in USA. The best medium to stop this ever growing sickness is to response properly and tactically. The industry and government sectors should come ahead with their appropriate and committed response. This way a mortgage fraud can be kept silent.

I had a wrong concept until recently that the wealthy people do only enjoy lavishly and are careless enough. They are not serious to their business or investments either. Well they are not. This may be the cases with new people who recently has made a lot of money and are rich. But my point of discussion is regarding those people who have been very rich and wealthy for the past long time back. They are rich by heredity and have a noble blood of wealthy.

However recently i got an opportunity to work with one of the firm owned by a wealthy family, where i made all mine thoughts and confusions clear regarding this people. Anyway talking about the investments made by these wealthy families is a sure source of learning to everybody. These kind of families inherit over $100 million. The sources of their revenue is consist of various sectors like rail roads, agriculture, plantation etc.

I am here to share how these wealthy families carry out their investments proceedings. The points may be the following:

1.) Remaining Liquid: One of the intelligent and important tricks of these wealthy families is that they tend to keep 20-30% of the total in liquid. Or they invest for a very short term investment schemes. This they do because they know that life has unexpected emergencies which can be very unpredictable. Businesses can be notorious for having times when cash flow dries up and create chaos all around the globe. Thus it is a very good idea to create a habit of remaining liquid.

2.) A role of cheapness: Most of the wealthy people i have come across has the same motto. They always do practice cheapness. Its a motto to them. He or she will negotiate until the very last in order to decrease the amount of fees need to be paid.

3.) Loose investments are dropped: Again one of the important factors regarding this wealthy families is that they do not stand by the loosing investments. They are very serious and watch their investment sectors very carefully. If they find out that a particular investment is loosing they don't carried upon but dropped down by and rather concentrate on the new and healthy investment.

4.) Taxes: Lastly this wealthy investors are very serious towards tax. They give extra importance to the process of taxation. They calculate the amount after the tax return on the investment. They give the best possible effort to deduct as much from the tax.

Thus this are the small factors but rather affective guidelines which these wealthy families follow for their successful and healthy investment plans. They are not the investors of today, they are into the business for the past very long time.

Understanding and learning makes you the master of any work you are on. A friend of mine whom i happen to meet coincidentally has shared a couple of ideas how we can earn through share market. It was a great experience talking with him regarding the stock market. During his early years he was jobless and used to sit back at home most of the times working on net, watching television cartoon, playing video games etc. But today he was well settled and is happy enough. He had tough times though but now he is well established. And this is all because of the share market.

In finance a share is meant by a unit of account for various financial instruments like stocks, mutual funds etc. A share is issued by a company and can be purchased at a stock market and it entitles its holder to be one of the owners of the company. It is little complex in nature. By owning a share you can earn a portion and selling share which you get as a capital gain. If we learn or understand it clearly about the concept o share trading then we can earn sitting back at home. But provided that we need to watch carefully the recent developments and changes in the market. Because this type of market are keen to fluctuate time and again.

In simple terms, in share market the companies issues shares to public or customers in a fixed rate. So people dealing with this type of market understands what type of share is going to make money or which ones will go high in price. Thus according to that the customer he sell those shares in the market once the price of that share goes higher. In this way we can make an earning.

So in order to make money from stock exchange certain guidelines should be followed. It is more than just buying low and selling high. Not every participant in the share market is a winner all the time but only a patience, the prepared and somewhat lucky will always be rewarded. So some of the instructions to be followed are the following:

1.) Homework: It is very important to discuss and make research about the company, from which you are going to purchase units of shares. Avoidance of this may lead you to loss and difficulties.

2.) Simulation: The execution of the real trade is an important instruction. It is always an excellent way to gain some practical experience trading without risking actual capital.

3.) Profits: The ultimate aim is to make money, so it is wise to make a healthy dealings. It is better understood when we sell off the stocks and gain profit.

4.) Diversify: It is one of the good mantra that we should not only buy one sector's unit rather we should go ahead with different sectors. This will minimize our risk of facing loss. Moreover it increases an odd that on any given day at least some part of portfolio is making a money.

5.) Stages: Always buy the units of shares in stages. Never rush. Go along with the market proceedings, never get worried if the market price rises. It is wise to purchase in stages and slowly and this will moreover reduces the risk.

Thus with the help of stock market trading and with little effort we can earn a lot. The main job is to watch the market or various sectors proceedings. And now i have made my mind to engage with this market and to invest in it. What about you?

Thursday, January 28, 2010

As i was going through my work, i just came across the word forex which made me quite unfamiliar. In the beginning i was not able to figure it out but gradually when i again went further to the content i found it out that its the similar term to foreign exchange. I used to listen to the term foreign exchange quite often in my college days books but never gave any importance to it neither had any desire to know all about it or understand it.

But however that day a feelings has come up, an anxious to know what exactly is foreign exchange and what product or service it deals upon. Reading articles, books, research and talking to friends has made me understood the factor regarding forex or foreign exchange. Its extremely a wonderful kind of knowledge we gain learning forex trading. You got to learn about your own country and the value of currency in relation to other different countries of the world.

Foreign Exchange or forex is market which deals with financial matter. It is the largest financial market in the world. Its really huge and a very large amount of transaction is carried out everyday. As i went on gaining knowledge about it i found it an interesting topic and important too.

You may be surprised as i was, to know that what they trade upon in the forex market, well the answer is 'currency'. Yes, currency of ones nation is traded with the other. Surely an interesting fact, isn't it? Rather surprised to hear about that. Forex trading is somewhat buying of one currency and selling of another. This trade is carried out by a dealer or a broker and the currency is traded in pairs. For example USD and Pounds, America importing any goods from Britain will pay in pounds even if the nature if income is through dollar.

This type of market or trading is to assist and encourage international trade and investment. With the help of foreign exchange a currency can be converted to the value of another currency.Forex or the foreign exchange market is the largest and most liquid market in the world. In this type of trading large banks, central banks, corporations, governments and many other financial institutions are the important traders.

However there should be always a preventive measures while trading or dealing with forex market. As profit and loss factor arises in any kind of trade, it is highly recommended to follow certain precautionary measures. The best way is to follow a reliable foreign exchange converter tools. We have to keep an eye on the movements of foreign exchange trading, its latest trends and recent changes. Since it is all about purchasing and vending huge currencies, it is wise that we are equipped with a reliable foreign exchange converter. Because with the help of this tool we are able to identify the ask value and the bid value.

Thus learning the forex trading is extra knowledge to us and as well very important. Moreover if you are engaged in the forex trading it is recommended to be carefull and make each decision slowly because even a minor mistake or error can amount you to a large amount of money.

Thursday, January 21, 2010

I am a human being and i do need a shelter. Here what i meant to describe is a house. Everyone or all of the human civilization lives under the roof of a house. It is a system that we live in a house, and we people feel safe and protected. From the time we came into this world, we have been guided to live in a house. It is the ultimate shelter for human civilization.

Today many has opted to buy a new house instead of making regular payments to their landlords, which more often is useless and baseless. Once we buy it, its almost going to stay all along with us.Having ones own house gives you security and the freedom. Many people today buy house with the help of various financial institutions. It is indeed important to have your own dream home. Moreover it is indeed important and useful to your children to grow up healthy and also to the family members.

Many decides to buy a house of their own choice in a short and easy manner, which i don't like to recommend. It is indeed necessary to follow certain steps before purchasing a dream home of yours. Making rush will rather create confusions and difficulties in future.

Certain procedures i would like to share with while planning to buy a house of your own. Those may be the following:

1.) To calculate and know ones capacity.

It is very important to presume your own capacity in order to buy a house. And for that you need a proper planning. You have to point out what will be your comfortable range, you like to invest upon. I would rather term it as a budget. Preparation of a healthy and smart budget is very much essential. This calculation might include the amount you are to borrow, the monthly installments and the amount payable for the down payment. Monthly payments may include the interest of a loan, tax, insurance etc. . So a proper planning is very much essential.

2.) To learn and make a thorough study about the housing industry.

It is obvious to make a research about the industry you are gonna deal with. Make a proper study regarding the pros and cons about it.

3.) Look out for good lenders.

Yes you need to look out for good lenders who are capable of providing you the desired factors. Make a search and go for only that who has the option that matches your requirements.

Thus this are some of my personal recommendations, for those who have made a plan for purchasing a house. A House is indeed required by all. We human beings cannot live in the open space, we need a shelter cover over our head and it makes us safe and protect. Its of an important value, difficult to describe.

Unemployment. Well to share my point of views to the point of unemployment, i feel very embarrassing and sorry for the society of unemployed. It can be merely described as a fact that someone wants to deliver for something but he or she is denied of the opportunity. Unemployment, i would rather say a device which makes human strategies handicapped and creates a doubt of confusions and unhappiness among the family and the society.

Unemployment can be found everywhere. Every nation has a problem of unemployment. Even the United States Of America the largest economic power has to deal with this problematic causes. The only thing i would like to share with everybody is the feelings to how hard can an individuals life be without any job or a work. As a matter of fact it leads to ones unhappiness, frustration, emotions etc. . Many organization as well as social institutions have tried a helping hand in reducing the problem of unemployment in U.S. . But its all not enough for the large and all time growing force of unemployment. US government has leased out some important measures to check the problem of unemployment, but till date we are far away to accomplish it.

Its a sheer sight of functions which has made a difficult living for an individual and the whole of surroundings he lives in. However there are various types of unemployment which can be found around US. According to the economist some of the types of unemployment can be:1.) cyclical unemployment.2.) frictional unemployment3.) structural unemployment and4.) classical unemployment

Again some of the more discussed kinds of unemployment are:1.) seasonal unemployment2.) hardcore unemployment and3.) hidden unemployment

There are also other different types of unemployment which we can find in the real life. Well those may be quite difficult to describe with and give a specific terms.

It is however becoming very difficult day by day for the Americans specially with the young boys and girls who are jobless. The rate of unemployment is raising very rapidly. Every states in the US, the rate of unemployment has been increasing. Every time i come to know about or read about the incidents related to unemployment, i am very much depressed.

Due to this affect many individuals are left to depression and unhappiness. The ultimate moral stamina has lost among these groups. I would also like to share that due the unemployment the US human value ratio in relation to happiness is now a far behind. And moreover each of the affected families are not happy. Their children are not happy and thus leads to unhealthy human relation and due to deprivation they lead an unhealthy character to the society structure.

So, in many ways or the other its a reason of our unhappiness. It will be a problem not only to the affected but all also the whole of America. Healthy Americans, Healthy America.

Friday, January 15, 2010

Beginning from the time your alarm bell rings, the time has been running away from you more ahead than often. You start your day waking up late then it is presumed that every time you will be running behind. This of course will provide you to late fresh up, late breakfast, and in due late transportation means to reach you to your office. Then after so much of effort and struggle to reach office in time, at the end you get a hardy noise to your ears from your boss. The whole day in office passes in a gloomy state and moreover seems to be long unending day with a load of stuff provided as an assignment. It notifies to be like a punishment for the unhealthy crime of such being "late".

As such may be the case, you are gonna face this kind of situation much more often in your coming days of life. Time never waits for anyone. He is supreme on its own. We all run after it. Missing out your regular bus or train can affect you or may cost you dear. So at last you will decide to own a personal car, which will make you independent on reaching your destination much easier and comfortably. You do not have to dependent on those trains or bus anymore. Moreover it might give you an extra nap then earlier days.

Making up one's mind to own a personal car is not that all. You need to make a proper budget and however you need to calculate whether you have the capacity to own a car. Nevertheless schemes of auto financing may help you in finding the correct solution. Sometimes time makes us happen to be greedy or selfish. Even though being not a cup of our tea it will enable to deliver the taste of it. Like wise there are various auto financing companies that will help you in financing a car.

The most important factor prior to financing a car is to look out for a sources of financing. There are various types and different ways that you can finance your car and moreover there are pros and cons about these finance.

Dealership:

It is one of the most easy and convenient way of financing a car. Here customers do not have to face any major problems in pursuing it. However it is obvious that these dealers will asked certain amount of commissions from you. Its easy to obtain it but however you have to make a higher rate of interest payments.

Bank or Credit Union:

These are the most secured and reliable source. They will guide you properly and may suggest you what will be the required amount you need to finance. However there will be a competitive rates and often provides a free life insurance or disability insurance coverage. But here its not that easy and fast or convenient enough as dealership financing. You will not get the finance within a night or a week for sure. Here things go gradually.

Online Financial Institution:

This is also one of the source factor of financing a car. It is done in quick time and is also very convenient but the rates are gonna be competitive. But here you will not come to know the person with whom you are dealing with, so there is always a chance of scam in there.

Family friend or member:

Thisshould be the last option to get a finance for your car. Well here the terms of deal will be very friendly and flexible. But as such of circumstances the relation might turn into jealousy or hatred and thus could jeopardize your relationship.

Time makes a good run to everybody but realizing the importance making the best use of it, we are told to move ahead n our lives. And now hopefully you will reach your office in time from now onwards and get away from that rude noise of your boss. Moreover owning a car also give extra freedom and importance towards your family members directly or indirectly.

The focus and importance of financial planning on behalf of the students is a point to be discussed. Today, apart from attending their classes and working on their academic careers, students has to plan their financial expenses accordingly. Young guys nowadays wants to be liberal, so the trend has come up that they would attend their colleges and at the same time they work to earn for their own livelihood. So as these young guns come up to the stage of new arena, there will be always a lack of maturity.

Many student these days are after money frequently, its not their reason for a cause, instead the demanding surroundings enable these young ones to go for more and more money. They need money for books, fees, living expenses, activities, travel and other expenses. They need to maintain their personal finances systematically since money is always required to live a life in and outside the campus. I used to have this kind of problems in my college days. I could not possibly maintain the expenses properly and spend almost everything even before the end of a month.

There are many students who come to colleges and opt for credit cards. Some of them knew the good and bad uses of the cards where as some does not know anything about it. So i feel before obtaining a credit card, those students opting should get a good and healthy counseling from the industry. Its been learned that students are the main targets for credit card industry. Many students after using the card were not able to pay their payments. So several problem arises for these kind of students. Students today become very independent in leading their own lifestyles and are the masters of their own opinions. But at some point the lack of maturity comes and make these students to bear the mistakes.

So i would recommend certain characteristics to follow before taking up the credit cards. I would appreciate to obtain a card only after knowing a proper pros and cons of the credit cards.

Budgeting: A budget is a plan that gives an approx idea about the inflows and the outflows of your cash. It will help you maintaining the line of expenses to your income.

Credit cards: Information about credit cards regarding fees , interest rates, interest charge, grace periods, advance cashes, and other maintaining and controlling the strategies. Everyone should have basic information regarding the debt and moreover a proper guide to the debt consolidation. This will enhance you in choosing the most suitable credit card for you.

Value of money: Every student today should understand the value of money and the importance of it. This means everyone should learn to save it too. If you earn it then learn to save too. This will enhance in building your wisdom and maturity gradually.

Credit cards and the students have been a key words of discussion today. More and more students are obtaining credit cards and many of them are being unable to pay the due payments.Many of these students also misused it and fall into a silly related problems and difficulties. So it will be wise you better ignored credit cards during your college periods and watch out for better student loans that will meet your academic career expenditure.

Friday, January 8, 2010

We all know and came to hear by what is meant by Economic crisis, recession, global meltdown etc.. We have also come across within the sphere of this very term and had to face its consequences in some way or the other. But the leading sports stars from different background had no interest in it. It hardly have affected these personalities. Where as on the other hand corporate sectors, MNC's, governments had its affect on them. Despite global economic meltdown, the rich owned sports stars kept on going receiving high neck cash. Millions and millions contract between these sportsperson and their boss have kept them away from this meltdown. Success, name and fame have kept them in the list of the celebrity world.

Here we will discuss how different sports persons have come to earn so much money only by playing a game and by how, they have come to earn so much. Its a matter of fact the whole of industries are directly or indirectly affected by the economic breakdown, the sports industry have kept aside of itself from it.

Here are some of the leading and richest sports stars from various fields. These celebrities are some of the highest cash earners in the field of sports.

1.) Kobe Bryant ( Basketball)

Kobe Bryant is a basketball player under Los Angeles Lakers. He lays as a guard in the team. Very few Hollywood celebrities can be matched with him in terms of making money. He makes a lot of money from a contract deal made by the sports giants Nike. According to the deal he makes to $ 45 million into his pocket.

Moreover he earns around $71 million from the Lakers according to the deal made. So be there a global meltdown, these sports stars earn accordingly to the contract done.

2.) David Beckham ( Soccer)

Despite not being a truly great soccer player David Beckham is a global marketing phenomenon. He earns around 35 million pounds per annum. Beckham has received a great deal of success due to his film star looks.

David recently is on a loan to Italy giants AC Milan. But originally he plays LA Galaxy. His actual salary is only $5.5 million but he receives more than the double due the tickets cut off, merchandise and sponsorships. Because of his wife, former spice girls member, he gets a great deal of attention.

3.) Tiger Woods ( Golf)

Tiger Woods the world number one golfer. He has won many awards and championships. He is regarded as one of the greatest in this field. His total earnings rose up to 71 million pound per annum.

However he is one of the most marketable athlete. He signed a contract with Nike for $105 million for the term of five years, which was the greatest ever deal made by a sportsperson ever. Moreover he has a deal with American Express, Buick, EA sports and many others.

According to Golf digest, Woods made $769,440,709 from 1996-2007.

4.) Kimi Raikkoen ( Formula One)

Kimi became the highest ever paid person in the field of motor racing when he joined to Ferrari team. And in the very first season he also won the Formula One world Driver's championship.

This young Finnish Driver earns more than 27 million pound per annum.

5.) Roger Federer ( Tennis)

Roger having won most number of grand slams has coined up millions of prize money awards. He is regarded as one of the wealthiest tennis player of all time. He moreover has a tie up deal with Nike, Rolex and Gillette. He is also among 300 wealthiest in Switzerland. He bagged to his pocket more than 22 million pound a year.

There are many more sports stars who earn millions. Thus what I would like to say is that these celebrities apart from their fees, they have earned millions with the help of merchandising a product or the other. They also have earned endorsement pays. So the recent global economic melt down all over the world had little or no affect on these sports personalities.

Thursday, January 7, 2010

You are in debt and you must be thinking now how to overcome it? The only option left is to go forward with personal loan. Well you might have some operational and financial objectives to fulfill, and following that you have made certain budget, now the time comes how to make these objectives to be realized. I would not prefer borrowing money if you do not have any proper objective for it. Borrow only if you are really in need and make sure that you utilized it cautiously. If you have decided to borrow money, there are some questions to reflect upon yourself before taking out a loan. Those may be, Do we seriously need the loan? For what reason we take up a loan? What are the various loans we are getting according to our requirements? Can we be able to pay it back and by how we are going to pay them back?

I have seen many people Who have taken up loans without any proper objectives and requirements and spend incautiously to meet their lavish desires. And most of them have landed into some financial trouble. So please avoid borrowing if do not have any strong reason.

There are various ways where we can get a healthy personal loan for our purposes. It is highly recommended that if we have a good credit the lesser is gonna be the loan rate. The value of your loan which you have borrowed is to be a cheaper one if you have a good credit report. And take a note that you considered this to your lender. Various financial institutions provide personal loans. And moreover we come across different unsecured personal loans providing groups.

Where and How to get personal loan:

1. Peer to Peer lending network.

Today most of the people do not prefer for peer to peer lending network. It is a type of social lending organization. People no longer opt for this for borrowing a loan because of its hard and fast rules implementation. It gets tougher for borrowing from this kind of network and so, many do not prefer it. To qualify for social network you should need to follow certain measures like:

a) you should be an U.S. citizenb) you need to have a good credit score.c) you need to be a debt free.

Once you are able to qualify for peer to peer lending network, you will get a good chance of getting low rate of interest loans and moreover the debt process will also get easier.

2. Banks or Other Financial Institutions:The second option is the bank where we can find a loan or personal loans and various other financial institutions. If you can make a good deal with the banker then there is a possibility of getting a loan in a good rate of interest. But make sure that before going through that path you have decided to pay the interest in fixed or variable terms. Find out what is the rate of payment and the mode of payment. There will be numbers of paper work to be carried upon.

3. Credit Cards:

One of the most easy and quick way to get a loan is the mode of credit card. It is swift and easy to access. You should not be carried away with the flow of it. Because finding it convenient and easy hard find to remember how much number of tomes he have swiped the card. This way he come under some financial stress and problems. Make sure it utilized it properly and according to you objective.

4. Family and Friends:

Family and friends can be another source from where you can borrow an amount of loan. If they trust you and if your are really a dear one to them then its sure you are going to get a helping hand from them. But i have seen that this kind of relation has led to hard feelings and uncomfortable atmosphere within the friends circle and the family members.

5. Payday Lenders:

Pay day lenders can be the last option for borrowing a loan. It is quick and need not face certain normal procedures. Moreover you need not show your credit report. It is fast money. But there is a risk that it might cost you a very high rate of payment.

Thus these are factors where you can get a personal loans and thus can fulfill your objectives and requirements.

Saturday, January 2, 2010

If you are an American, you must be in debt, and like most of the Americans, you are little bother about how much debt you are in and by how much it gonna cost you. Well that is so far good enough and it will give a proper sleep.

But almost keeping that out of mind and being fully ignorant will not help you. You will have to face certain embarrassing truths and it might keep you away from all interest and necessities of yours sometime or somehow. But that is not you. You might think now that it is wise enough to make certain planning rather than being in debt which might follow you up for some 20-30 years.

Just like a house or a building needs a strong foundation pillars to withstand its structure or elements, you need to have a strong financial foundation and safety measures too. In order to make your financial foundation strong and healthy one you need cover certain basic requirements. Personal finance as concerned is consist of a variety if financial topics like budgeting, savings, expenses, debt, retirement and insurance and others. So understanding clearly how these all topics or branches functions and implements together properly will be great helpful and important for the strong financial foundation of you and your family. This will enhanced a well family planning and outcome with good groundwork in your livelihood.

Budget:

Budget is regarded as one of the most important feature in building a strong financial foundation. Make a good collection of every statement of your earnings and expenses. A good budget with proper planning and decisions regarding the way you spend your money will give you an idea where you are utilizing your money. Keeping in this track will enable you to understand where you have spend unnecessarily. After maintaining a budget you will be able to view a picture what you spend it on and by how much, if any is left over. Once you can optimize the inflows and outflows of the money you will be able to leave out the wasteful expense and cover up the needful ones.

Savings:

Save while you earn. After overcoming the process of budget, you should focus on the savings. Keeping an amount saved for the near future is a wise step. Saving for the retirement is one of the main objective to meet the security concerns. It is crucial for your family members and you as well. Thus saving ahead can make you a financially stable person.

Cutting down the Expenses:

Some eat less and some sell out the extra vehicle they have in order to meet the growing expenses. This concept will enable you to save more and utilize those you had planned for. So declining some unessential expenses could lead you meet your certain goals. This mantra will improve you in building financial strength.

Debt:Even after creating a proper budget, savings and cutting down some of the expenses, you may find yourself in a debt. Well the easy way to minimize your debt and become financially independence is to pay more and more monthly payment. Pay more than you pay usually. It will take a burden away within some period of time instead if lingering for long couple of years. Moreover it is advised to plan well and take a proper decision before falling into a debt. There can be two types of debt, good debt and bad debt. Debt where necessity is purchased and the asset can increase in value and which has a low rate of interest too are known as good debt. Whereas debt used for luxury and the passion of living can be termed as bad debt. So it is necessary to have a proper planning in order to create a strong financial foundation.

Insurance:

Insurance is a vital part in order to build a stable financial capability. You have worked all hard for this long years to build a financial stability for you and your family members, and for that you need to be secured. Accidents and disasters can and do happen, so it is wise enough to get security for yourself and your family members too. There are many insurance companies where you can get the type of security you require. So insurance is an important aspect of financial stability.

These are the things, if you do follow accordingly in planning your financial structure, it can lead to build a strong foundation and make you a financial stable person. It will indeed be helpful for you family members and your perspective in order to achieve your future goals.